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HSBC Global Head of FX Cash Trading Arrested at JFK Airport

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posted on Jul, 20 2016 @ 01:00 PM
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This is from ZeroHedge.

His name is Mark Johnson, and it looks like he is the first person to be charged in the US for foreign exchange (FX) currency benchmarks rigging. Dept. of Justice has had a 3-year ongoing investigation on this issue. Johnson is a U.K. citizen and U.S. resident.

Another person mentioned from a statement from DOJ is Stuart Scott, a U.K. citizen/resident. Both Mark Johnson and Stuart Scott are being charged with conspiracy to commit wire fraud.




A historic event took place moments ago when Mark Johnson, the global head of cash FX at HSBC was arrested at JFK airport for his role in a "conspiracy to rig currency benchmarks", and specifically for frontrunning customer orders. He is the first person charged by the US in the ongoing FX rigging probe.


I'm surprised I hadn't heard of this Foreign Exchange currency rigging but I'm not at all surprised.




posted on Jul, 20 2016 @ 02:15 PM
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a reply to: FamCore

Very Interesting, caught doing front runners.

HSBC clients donated 81 million to the Clinton Foundation.

Leaked files reveal identities of wealthy donors with accounts in Geneva


www.theguardian.com...

All that money goes somewhere, follow the money trail.


edit on 20-7-2016 by burntheships because: (no reason given)



posted on Jul, 20 2016 @ 02:22 PM
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a reply to: burntheships

Nice!!! Thanks for adding this information. The Clintons seem to have their grubby little paws in everything that's scandalous. If it's profitable, they're doing it. They probably have some ties to the porn industry, there have been a number of incidents where Bill has been spotted with famous pornstars lol that would be a hell of a lot better than the other crap they're making money off of!



posted on Jul, 20 2016 @ 02:33 PM
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a reply to: FamCore
Yep, and that infamous child molester claimed
he helped start the Clinton Foundation.

www.foxnews.com...

Interestingly enough, there is a direct link - Epstein is one of the donors
to the Clinton Foundation




Two of the donors listed in the leaked files are raising eyebrows. According to the Guardian report, one of the donors who had a Swiss HSBC account is Jeffrey Epstein, “the wealthy financier who was jailed for 13 months in 2008 for soliciting sex with underage girls.” Another, reports the Guardian, was Denise Rich, the ex-wife of the now deceased Marc Rich, who fled the U.S. after being indicted for tax evasion, fraud and racketeering and then received a highly controversial pardon by President Clinton just hours before he left office. wallstreetonparade.com...


Geneva has opened an official investigation into the clients for money laundering.

Im correcting myself there, looks like that investigation opened, and then closed.
HSBC paid 28 million dollars in a fine, and the case was closed.

This is usually how it works, the "bank" does not actually ever really
take the blow, maybe a fine. Then some one person, or maybe two,
they pick a fall guy. Absolutely disgusting corruption.






edit on 20-7-2016 by burntheships because: (no reason given)



posted on Jul, 20 2016 @ 02:53 PM
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a reply to: FamCore

An update: They got them from a recorded phone call.




Johnson, 50, and Scott, 43, engaged in front-running, the Justice Department said, using their advance knowledge of the client's planned purchase of British pounds -- which the company needed in order to distribute proceeds from the sale of an Indian subsidiary to shareholders -- to drive up the currency's price.

In late November 2011, before carrying out the client's transaction, Johnson made a purchase of British pounds in exchange for euros from an HSBC account he controlled, according to the complaint. Six days later, in New York, he instructed a currency trader to buy British pounds in exchange for dollars, authorities said.


www.thestreet.com...



posted on Jul, 20 2016 @ 05:00 PM
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a reply to: FamCore

There are many more arrests in the making. This is a good sign. Appreciate the thread!



posted on Jul, 20 2016 @ 05:10 PM
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a reply to: burntheships

Where have I heard about HSBC in recent headlines...hmmmm?




HEADLINE: FBI Director Comey was board member of HSBC – Clinton Foundation & Drug Cartel ‘bank of choice’


Many are unaware that Comey’s served on the board of banking giant HSBC (‘international drug money clearing house’) before parachuting softly into the head of the FBI in 2013. That’s only the beginning…


Source

Why didn't Comey recuse himself or be recused? The "C" in HSBC must stand for Clinton.



posted on Jul, 20 2016 @ 06:10 PM
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a reply to: NewzNose




The "C" in HSBC must stand for Clinton.


Haha!!!! I love it
Genius



posted on Jul, 20 2016 @ 06:52 PM
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a reply to: NewzNose

I've wondered about that too.

And the list goes on......



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